Is Bayshore Gardens, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Bayshore Gardens was a Neutral Market.
Key Takeaway
Bayshore Gardens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bayshore Gardens, FL
How much do homes in Bayshore Gardens, FL cost?
Median Sold Price
$700,000
$430/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bayshore Gardens have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Bayshore Gardens was $700,000 in April 2024, up 6.1% from last year, and the median price per square foot was $430.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $307.5K | $233K | -24.2% |
| 2 Bedrooms | $549.9K | $660K | +20.0% |
| 3 Bedrooms | $805K | $957.5K | +18.9% |
| 4 Bedrooms | $1.2M | $4.7M | +269.0% |
| 5+ Bedrooms | $1.2M | - | N/A |
Summary: Bayshore Gardens housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.2%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 269%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Palma Ceia | $950K | $1.0M | +10.5% |
| Bayshore Gardens | $660K | $700K | +6.1% |
| South Tampa | $623.5K | $653.2K | +4.8% |
| Historic Hyde Park | $1.6M | $875K | -46.2% |
Housing Supply in Bayshore Gardens, FL
How many homes are available in Bayshore Gardens, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 53 | +6.0% |
Summary: The Bayshore Gardens real estate market had 53 homes for sale in April 2024, a 6.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 14 | 18 | +28.6% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Bayshore Gardens housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bayshore Gardens, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Bayshore Gardens in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Bayshore Gardens, FL
How long does it take to sell a home in Bayshore Gardens, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 46 Days | +6.9% |
Summary: Homes in Bayshore Gardens had an average of 46 days on market in Apr 2024, up by 6.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bayshore Gardens are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Bayshore Gardens; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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